SDRL - Changes to the Board of Directors

Hamilton, Bermuda, January 14, 2015 - The Board of Seadrill Limited ("Seadrill" or the "Company") is pleased to announce that Dr. Charles Woodburn has been appointed as a Director of the Company.

Dr. Woodburn has been the Chief Executive Officer of Expro Group since 2010.  Previously, he spent 15 years with Schlumberger where he held many senior management roles, including President of Wireline. More recently, he was in charge of Schlumberger's engineering and manufacturing, reporting directly to the Chief Operating Officer.  Dr. Woodburn holds a PhD and MA in Engineering from Cambridge University and an MBA from Erasmus University.

John Fredriksen, Chairman of the Board of Directors said, "The Board is very pleased that Dr Woodburn has decided to join our Board. He brings valuable expertise and industry knowledge and we look forward to his contribution to the Company's future development".

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.